Changzhou Tenglong AutoPartsCo.,Ltd. (SHSE:603158) agreed to acquire 51% stake in Fleder Investments Hong Kong Ltd. from Organic World Initiatives Ltd. for CNY 67.2 million on September 28, 2022. As on June 30, 2022, Fleder Investments Hong Kong Ltd. generated total assets of CNY 141.2 million and net assets of CNY 87.2 million. The transaction is approved by board of directors of Changzhou Tenglong AutoPartsCo.,Ltd. As of November 12, 2022, Changzhou Tenglong AutoPartsCo.,Ltd. Signing a Supplementary Agreement and buyer is changed from Tenglong Auto Parts (Hong Kong) Co., Ltd. to Changzhou Tenglong AutoPartsCo.,Ltd.